Convention loan outlet covers

[Tom4value]

Ugh!
People……….APPRAISERS!!!!!!!
A safety hazard is a safety hazard! It doesn’t matter if it is conventional or FHA.
“Electrocution doesn’t hurt if it is conventional. Only FHA.”
- No doctor, ever

 

[sputnam]

I completed a purchase appraisal on a fix and flip where some electrical outlet covers are not flush, one side sticks out 1/4 inch over the tile backslash, and off center of the drywall hole. Underwriter wants me to call it a safety concern. I said refer to the home inspection which was not provided to me. They are still asking me to make the call. WWYD?

If you think it's a safety hazard, just say so. If you don't think it is, or if you don't actually have an opinion about it, make them provide you a report from a licensed electrician or a copy of the home inspection which you will then include in your report. Your comment will be something like... 'According to the attached home inspection report, some of the outlet covers are improperly installed and may be a safety hazard.'

I would have to look at it myself to make that call. Either way, don't pretend you didn't notice. Include what you observed in your report.

 

[Tom D]

Lenders can now have the buyer verify repairs are done. Still, some pay when it is quiet.

Maybe they were fixed before you got there.

 

[OSU Beavers]

I quoted them what I wrote in my report

As already stated in the report The value of the home is made "subject to" installation of the missing items.

As well as my standard CYA statement at the end of every report The improvement's mechanical and electrical systems as well as water and sewage disposal systems are assumed adequate to serve the subject property. The appraiser is not qualified to judge the integrity of the structural, mechanical and electrical systems, and therefore, the client/borrower/owner is urged to obtain an expert in these fields, if desired.

They responded I do see that you already have that statement regarding electrical in the report. I will try pushing back again with the comments. The LOB can consult a home inspection report in order to proceed. We will keep you posted.

 

[Surf Cat]

I completed a purchase appraisal on a fix and flip where some electrical outlet covers are not flush, one side sticks out 1/4 inch over the tile backslash, and off center of the drywall hole. Underwriter wants me to call it a safety concern. I said refer to the home inspection which was not provided to me. They are still asking me to make the call. WWYD?

Sounds like the gang boxes the flippers utilized are too deep thus, are not flush and won't align properly. There are shallow boxes but....the lazy flippers tried to cram what they had in there.

However, you mention "over tile backsplash" that to me, means kitchen or bathroom which amplifies (no pun intended) a health and safety issue. Near water, a counter device slides behind that 1/4" gap....whamo. Shocking I tell you.

I'm with the underwriter, safety concern....

 

[Zoe]

Sounds like the gang boxes the flippers utilized are too deep thus, are not flush and won't align properly. There are shallow boxes but....the lazy flippers tried to cram what they had in there.

However, you mention "over tile backsplash" that to me, means kitchen or bathroom which amplifies (no pun intended) a health and safety issue. Near water, a counter device slides behind that 1/4" gap....whamo. Shocking I tell you.

I'm with the underwriter, safety concern....

Yeah, if you or the underwriter are in doubt, call it out. Don't make somebody else's problems your problems.

"subject to". Let somebody else make that call. They can get a letter from a licensed and bonded electrician that says this is fine or this is repaired.